BNM: Banks, PayNet To Pilot Industry-Wide Fraud Alerts In First Half Of 2027
Photo: Lowyat.NET
Malaysia’s banking industry and Payments Network Malaysia (PayNet) are working towards introducing industry-wide fraud alert capabilities. According to Bank
From the original report
According to Bank Negara Malaysia (BNM), pilot testing involving selected banks is targeted for the first half (1H) of 2027.
BNM governor Datuk Seri Abdul Rasheed Ghaffour said the system will be able to warn banks and customers of potential risks before a transaction is completed. These alerts are intended to prompt customers to pause, think and verify a transaction before proceeding.
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This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Lowyat.NET
Lowyat.NET
Read the full translated article in Japanese →
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About this story
- Source
- Lowyat.NET
- Originally published
- Oct 6, 2026
- Updated here
- Oct 6, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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